Congratulations to our FRM passers!

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Financial Services Risk Management (FSRM) Director Belvin Armenion recently passed Levels 1 and 2 of the Financial Risk Manager (FRM) examinations and became a Certified FRM in June. Senior Associate Liezel Madrigal also passed the Level 1 exam.

Administered by the Global Association of Risk Professionals, the FRM exam measures the candidates’ skill and knowledge on financial risk management. Professionals taking part in the program are also joining a worldwide community dedicated to improved financial stability. By being Certified FRMs, Belvin and Liezel hope that the new knowledge and skills they have gained from the program will enable them to deliver better quality output more effectively to our internal and external Risk Advisory clients.

The FRM certification is earned after passing two rigorous multiple choice exams and demonstrating two years of relevant work experience. Candidates must then earn 40 hours of Continuing Professional Development credits every two years to stay up-to-date with the best practices in risk management.

A cum laude Accountancy graduate from the University of Cebu, Belvin placed 3rd in the 2009 CPA Board Examination. Liezel, on the other hand, graduated from the De La Salle University, cum laude, with degrees in Applied Economics and Accountancy.

Belvin and Liezel also believe that their work in FRSM helped prepare them for the exams. Belvin says, “My deep involvement in developing and delivering several risk advisory projects brought me a grounded appreciation of financial risk management jargon.” In addition to their work experience, they established their respective study plans and followed them with discipline and focus, especially since they also had to juggle the pressures of work for most of the exam preparation period. Liezel shares that her plan included reading one chapter of the books provided and other materials every day after work as well as answering practice exams. Having the full support of the FSRM team and partners Ian Lauron and Francis Lumbres, they were both able to take a study leave right before the exam.

Belvin advises those aiming for the FRM certification to have a clear motivation because that will inspire them, particularly when they are about to give up. He adds, “Set deadlines, study smart and think positive. Trust and pray earnestly to the Lord.” Liezel emphasizes the need to plan ahead in order to balance work, studies and fun. She also encourages exam takers to develop a deeper appreciation of the materials. “Don’t study just to pass the exam. Strive to understand the materials as these are very practical and helpful. Don’t panic, and enjoy,” she says.

Well done, Belvin and Liezel!